PFP 0.52% $5.76 propel funeral partners limited

News: PFP Propel Funeral Partners Executes Agreement To Acquire Morleys Funerals Pty Ltd

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    Feb 18 (Reuters) - Propel Funeral Partners Ltd (PFP) :

    • EXECUTED A CONDITIONAL SALE AGREEMENT TO ACQUIRE ENTIRE ISSUED CAPITAL OF MORLEYS FUNERALS PTY LTD
    • PURCHASE PRICE PAYABLE ON COMPLETION OF PROPOSED TRANSACTION INCLUDES $13.3 MILLION IN CASH
    • PROPOSED TRANSACTION IS EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE
    • PURCHASE PRICE ALSO INCLUDES 344,828 ORDINARY SHARES IN CAPITAL OF PROPEL TO BE ISSUED AT $2.90 EACH
 
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